Terreno Realty Co. (NYSE:TRNO) – DA Davidson dropped their Q1 2018 earnings per share estimates for shares of Terreno Realty in a note issued to investors on Friday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will earn $0.29 per share for the quarter, down from their previous estimate of $0.30. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Terreno Realty’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.32 EPS.

TRNO has been the topic of a number of other research reports. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating and set a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, November 22nd. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Sandler O’Neill set a $40.00 target price on Terreno Realty and gave the company a “buy” rating in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.30.

Shares of Terreno Realty (NYSE TRNO) opened at $32.86 on Monday. The company has a market capitalization of $1,822.71, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The company has a current ratio of 1.68, a quick ratio of 4.87 and a debt-to-equity ratio of 0.46. Terreno Realty has a fifty-two week low of $26.48 and a fifty-two week high of $38.54.

Several hedge funds have recently bought and sold shares of the company. American International Group Inc. boosted its holdings in shares of Terreno Realty by 9.7% during the fourth quarter. American International Group Inc. now owns 36,029 shares of the real estate investment trust’s stock worth $1,263,000 after purchasing an additional 3,180 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Terreno Realty by 18.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 116,408 shares of the real estate investment trust’s stock worth $4,081,000 after purchasing an additional 17,941 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Terreno Realty by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock worth $223,293,000 after purchasing an additional 312,221 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Terreno Realty by 3.2% during the fourth quarter. Schroder Investment Management Group now owns 1,557,469 shares of the real estate investment trust’s stock worth $54,604,000 after purchasing an additional 48,650 shares during the last quarter. Finally, Suffolk Capital Management LLC boosted its holdings in shares of Terreno Realty by 50.7% during the fourth quarter. Suffolk Capital Management LLC now owns 23,105 shares of the real estate investment trust’s stock worth $810,000 after purchasing an additional 7,777 shares during the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 92.63%.

COPYRIGHT VIOLATION WARNING: “DA Davidson Analysts Decrease Earnings Estimates for Terreno Realty Co. (TRNO)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://theolympiareport.com/2018/02/12/da-davidson-analysts-decrease-earnings-estimates-for-terreno-realty-co-trno.html.

Terreno Realty Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.